Anant Raj Q4 07 net up 85 pc to Rs 26 cr

PTI|

Apr 30, 2007, 06.50 PM IST

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NEW DELHI: Real estate company Anant Raj Industries Ltd has reported an 85 per cent increase in profit after tax to Rs 26 crore for the quarter ended March 31, 2007 as against Rs 14 crore in the corresponding quarter of 2005-06.

The company's income from operations for the period under review stood at Rs 48 crore, up 92 per cent from the Rs 25 crore in the January-March period of 2005-06, Anant Raj said in a release on Monday.

For the year 2006-07, company's profit after tax grew more than four fold to Rs 131 crore as against Rs 28 crore in the previous fiscal. The company recorded a more than three fold increase in income from operations to Rs 207 crore from Rs 57 crore in the year ago period.

The company has raised over Rs 683 crore from foreign investors like George Soros, Morgan Stanley and Government of Singapore Investment Corporation Pte Ltd who have bought a stake in the company, the release added.